<p>Safe-haven currencies shined as novel coronavirus exported from China sparks global worries. As suggested in the CFTC Commitments of Traders report in the week ended January 28. NET LENGTH in USD Index added +3 493 contracts to 16 433. Speculative long positions were gained +2 982 contracts and short positions dropped -511 contracts. Conce
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CFTC Commitments of Traders – NET LENGTH on DXY Futures Dropped
<p>As suggested in the CFTC Commitments of Traders report in the week ended January 21. NET LENGTH in USD Index slipped -323 contracts to 12 940. Speculative long positions were down -256 contracts and short positions added +67 contracts. Concerning European currencies, NET SHORT for EUR futures dropped -1 163 contracts to 47 019. NET [&helli
CFTC Commitments of Traders – NET LENGTH for DXY Index Futures Climbed Mildly Higher
<p>As suggested in the CFTC Commitments of Traders report in the week ended January 14. NET LENGTH in USD Index added +795 contracts to 13 263. Speculative long positions gaomed +1 765 contracts and short positions added +970 contracts. Concerning European currencies, NET SHORT for EUR futures declined -13 482 contracts to 48 182. NET [&helli
CFTC Commitments of Traders – NET SHORT on Safe Haven Currencies Fell as Risk Sentiment Improved
<p>As suggested in the CFTC Commitments of Traders report in the week ended January 7. NET LENGTH in USD Index added +414 contracts to 12 468. Speculative long positions dropped -1 120 contracts and short positions fell -1 534 contracts. Concerning European currencies, NET SHORT for EUR futures declined -12 681 contracts to 61 664. […]
CFTC Commitments of Traders – NET LENGTH for USD Futures Shrank as Market Sentiment Improved
<p>As suggested in the CFTC Commitments of Traders report in the week ended December 31. NET LENGTH in USD Index dropped -1 177 contracts to 12 054. Speculative long positions added +907 contracts and short positions added +2 084 contracts. Concerning European currencies, NET SHORT for EUR futures added +1 402 contracts to 74 345. […]
US Dollar May Lose Appeal this Year if Market Sentiment Improves and US Growth Slows
<p>As the world’s largest reserve currency, movement of US dollar reflects its two roles. First, the strength of USD reflects the well being of the domestic economic developments. The greenback rises against other currencies if US’ economy is expected to perform better than others. Second, as the world’s biggest risk-free asset, demand for US
USDJPY to Firm in 1H20, Could Weaken as Uncertainties Resurface Later in the Year
<p>US-China trade war, Brexit drama and concerns over global economic slowdown have resulted in a volatile FX market for most of 2019. Risk aversion raised demand for safe-haven assets, such as Japanese yen. USDJPY declined to as low as 105 in mid-August, recording a loss of about 4% in the first 8 months of the […]
CFTC Commitments of Traders – British Pound Futures Positions Returned to NET LENGTH for First Time since April
<p>As suggested in the CFTC Commitments of Traders report in the week ended December 24. NET LENGTH in USD Index gained +1 535 contracts to 13 231. Speculative long positions added +990 contracts and short positions dropped -545 contracts. Concerning European currencies, NET SHORT for EUR futures rose +7 249 contracts to 72 943. GBP […
CFTC Commitments of Traders – Net Length on USD Index Futures Halved on Improved Risk Appetite
<p>As suggested in the CFTC Commitments of Traders report in the week ended December 17. NET LENGTH in USD Index declined -10 565 contracts to 11 696. Speculative long positions fell -7 706 contracts and short positions gained +2 859 contracts. Concerning European currencies, NET SHORT for EUR futures fell -1 949 contracts to 65 […]
US Crude Oil Inventory Jumped amidst Price Selloff
<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -7.58 mmb to 1271.01 mmb in the week ended March 6. Crude oil inventory soared +7.66 mmb (consensus: +2.27 mmb) to 451.78 mmb. Stockpile rose in 3 out of 5 PADDs. PADD 3 (Gulf […]